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Kalshi Stock (KLSH)
Kalshi is an exchange app that allows people to trade on event outcomes.
About Kalshi Stock
Founded
2018
Total Funding
643M
Industries
Software, Data and Analytics, Financial Services
Kalshi operates a financial exchange, regulated by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market, where users can trade contracts based on the outcomes of future events. The company states its purpose is to provide a platform for individuals to manage and capitalize on event risks through contracts structured as yes/no questions across categories such as economics, politics, and science.
Kalshi Press Mentions
Stay in the know about the latest news on Kalshi
Kalshi Sues New York Over Sports Betting Order
financefeeds ⢠Oct 28, 2025
Predictions platform Kalshi sues NY regulator, claiming overreach
cointelegraph ⢠Oct 28, 2025
AGA letters to NFL, NBA, MLB caution against deals with âinsufficiently regulatedâ Kalshi, Polymarket
sportsbusinessjournal ⢠Oct 28, 2025
Kalshi Sues New York Regulators After Crypto.com's Nevada Loss
decrypt ⢠Oct 28, 2025
Compass Point Still Bullish on Robinhood, Citing Prediction Market Growth
decrypt ⢠Oct 27, 2025
Kalshi Management
Leadership team at Kalshi
Co-Founder
Luana Lopes Lara
Founder
Tarek Mansour
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Kalshi Key Facts
- Successful $300 Million Funding Round Elevates Valuation to $5 Billion: Kalshi recently raised over $300 million in a funding round led by top investors including Sequoia Capital and Andreessen Horowitz, boosting its valuation to $5 billionâa 2.5x increase from just three months prior. This strong investor confidence underscores Kalshiâs rapid growth and market potential.
- International Expansion Opens Markets to Users in Over 140 Countries: The platform has expanded internationally to allow users from more than 140 countries to trade prediction contracts, significantly broadening its addressable market and global reach.
- Dominant Market Share with Projected $50 Billion Annual Trading Volume: Kalshi commands over 60% of the global prediction market share with an expected annual trading volume of $50 billion in 2025, dramatically up from $300 million the previous year. This dominant market share positions Kalshi as the leader in online event-based trading, ahead of competitors like Polymarket.
- Expanding Multi-State Litigation Challenges: Kalshi faces significant ongoing litigation across multiple U.S. states and tribal entities challenging the legality of its sports event contracts. These lawsuits allege violations of state and tribal gambling laws, complicating Kalshiâs operations and potentially limiting its market access in key jurisdictions.
- Growing Competitive Pressure from Crypto-Native Prediction Market Rivals: Competition from crypto-native rivals like Polymarket, which benefits from blockchain infrastructure and substantial backing from financial institutions like the NYSE, poses a threat to Kalshiâs dominant market share despite its regulatory lead. Market dynamics in this emerging sector remain volatile and competitive.
- Regulatory Uncertainty Around Federal CFTC Authority Versus State Gambling Laws: Regulatory uncertainty remains a major risk, particularly regarding how different courts interpret the Commodity Futures Trading Commissionâs (CFTC) authority versus state gambling laws. The outcome of appeals and court rulings, including a pending Third Circuit decision, could materially impact Kalshiâs ability to offer certain contracts nationwide.
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